Q: Which of the following give the nominal value of a variable? Check all that apply. Maria's wage is…
A: The main distinction b/w the nominal variables and real variables is that the former is defined in…
Q: What is the relationship between unemployment and real GDP?
A: The people who are job less, but actively seeking for job is known as unemployment. Price change or…
Q: What exactly is the natural rate of unemployment?
A: # Let's first understand what's unemployment is. Unemployment is a situation whereby a person who…
Q: What is the unemployment rate derived from these numbers?
A: Total population: 200,000 Employed: 75,900 Unemployed: 5,440 Not in labor force: 117,060 Total labor…
Q: Which of the following is TRUE regarding the real wage rate? The real wage rate I. is always greater…
A: In an economy, wage rate is the amount of money that an individual get when he provides his services…
Q: Answer the following. 1. Define nominal wage and real wage? What is the difference between the two?…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The nominal GDP for an economy is $10 trillion. Real GDP is $9 trillion. What is the value of the…
A: The implicit price deflator help us to measure the level of price of all finished products and…
Q: How is the producer price index calculated?
A: The producer price index is the measure of the average prices that are received by the producers of…
Q: What is the difference between being unemployed and being out of the labor force?
A: The total labor force in an economy consists of all those people who are employed as well as…
Q: How do you calculate natural unemployment rate examples
A: The natural rate of unemployment includes only frictional and structural unemployment and not…
Q: What is frictional unemployment
A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…
Q: Define the term Producer Price Index?
A: Price index: - Price index is the way of measuring the change in the price level in an economy over…
Q: What is the difference between the Nominal Interest Rate and the Real Interest rate?
A: A continuous increase in the general price level is referred to as inflation.
Q: Why is the unemployment rate important?
A: Unemployment is defined as a state in which all those people who are willing to work at the existing…
Q: What is the equilibrium wage rate? what is the equilibrium level of employment?
A:
Q: What is the relevance of manufacturing businesses to employment?
A: There are three major sectors in the economy; primary sector, secondary sector and tertiary sector.…
Q: ientrate, and the labor force participation rate. Enter your answers in the table below. (Give all…
A: The labor force participation rate is an estimate of an economy's active workforce. The formula is…
Q: What is the Market Price Index?
A: A market index is a fictitious investment portfolio that represents a portion of the financial…
Q: the real wage rate is defined as the wage rate divided by a. nominal GDP. b. the money supply. C.…
A: The real wage means what the nominal wage can buy.
Q: How might the unemployment rate understate and overstate the amount of joblessness?
A: Unemployment: It refers to the state in which a person is searching for a job but unable to find the…
Q: Calculate the nominal wage rate Md=(.67Y-0.5r)P Ms=100 P= 0.96 Y=150 r= -6 Real…
A: A wage is the allocation of a benefit payable to a worker by an employer. Labor force is a…
Q: What happens to the wage rate as the non pecuniary of a job increase?
A: Non pecuniary benefits are those benefits considered as “non-cash” benefits which are earned by the…
Q: Calculate the size of the labour force in August and September, and show your working.
A: ANS The unemployment rate is the % of the LF without a job. For being classified as unemployed an…
Q: U.S. population is 328 million people 70 million individuals are legally classified as unable to…
A: Labor force participation rate refers to the number of individuals who are actively working or…
Q: What are the factors that make it hard to determine the unemployment rate?
A: Unemployment rate is the percentage of labor force who are willing to work but is not able to get…
Q: What is The Producer Price Index?
A: A market is a place where the producer and the seller interact with each other and the exchange of…
Q: Use the information for Economy Z to answer the question below. Year 2017 2018 $50,741 $55.129…
A: Consumer price index measures the cost of market basket of goods and services purchased by a…
Q: What term describes the remaining level of unemployment that occurs even when the economy is…
A: If the economy is healthy and still have unemployment, then this term is described by natural…
Q: When the real wage decline, it must be the case that a. Nominal wage is declining b. Real wage is…
A: Wage: - In economics wage is the factor income or monetary reward received for the supply of labor.
Q: In an hypothetical Economy, the nominal interest rate is 4% and the inflation is 2.8% What would be…
A: The information being given is about some hypothetical economy where:- Nominal interest rate = 4%…
Q: Which of the following is an example of a nominal variable? A.) Output B.) Employment…
A: There are two types of variables Macroeconomics is concerned with, nominal and real variable.
Q: Calculate the unemployment rate for an economy using the following data: Number of employed: 154…
A: Answer is given below
Q: Nuku has an unemployment rate of 12%. There are 10,307 people who are working or have work. How many…
A: The working class contains those took part in manual-labor occupations or industrial work, who are…
Q: The nominal GDP for an economy is $10 trillion. Real GDP is $7 trillion. What is the value of the…
A: Nominal GDP = $10 trillion Real GDP = $7 trillion
Q: In the above table, the unemployment rate is
A: The unemployment rate is the number of persons who are unemployed out of the total number of persons…
Q: An economist sees the weekly job finding rate and the monthly job losing rate (which is 0,1 and 0,15…
A: The unemployed population is described by those people who are willing to work and are looking to…
Q: What are the solution for unemployment
A: U {"unemployment"} is the situation that occurs to the individuals when they are willing to work in…
Q: what kind of relationship is between GDP and unemployment
A: GDP from expenditure approach includes consumption expenditure, investment expenditure, net exports…
Q: RSA has an influx of foreign nationals and the unemployment rate is increased drastically in RSA,…
A: Unemployment rate The unemployment rate basically refers to a proportion of the entire labor force…
Q: What is the defnition of the unemployment rate?
A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…
Q: 61. Who would be included in the labour force? (A) Jeremiah, who plans to travel for a few months…
A: The labor force includes those people who are employed and unemployed who are willing to work or…
Q: Is the equilibrium level of income also the full employment level of income ?
A: Answer: Introduction: The equilibrium level of income: it refers to the level of income where…
Q: What is the value of the unemployment rate in them most recent period on your graph?
A: Unemployment is an important concept in economics. It refers to the situation where an individual…
Q: When an economy experiences semihidden unemployment,
A: OPTIONS OTHER THEN B WRONG BECAUSE Semihidden unemployment happens when individuals are not included…
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- Why does substitution bias arise if we calculate the inflation rate based on a fixed basket of goods?A fixed-rate mortgage has the same interest rate over the life of the loan, whether the mortgage is for 15 or 30 years. By contrast, an adjustable-rate mortgage changes with market interest rates over the life of the mortgage. If inflation falls unexpectedly by 3, what would likely happen to a homeowner with an adjustable-rate mortgage?Imagine that the government statisticians who calculate the inflation rate have been updating the basic basket of goods once every 10 years, but now they decide to update it every five years. How will this Change affect the amount of substitution bias and quality/new goods bias?
- How to Measure Changes in the Cost of Living introduced a number of different price indices. Which price index would be best to use to adjust your paycheck for inflation?What has been a typical range of inflation in the U.S. economy in the last decade or so?Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that the inflation rate for fruit does not perfectly capture the rising price of fruit?
- Assume factor prople of the country exput ty the end of fact puices rusi by thees 10 decades · Describe how this un inflation to be equal to 5% century but the th but in 20% ouer exputedly thigh inflation Mate would help ou hut Hhe help ou hwt the fallowing. (a)A mat minal pension when firm workey vetires. proutdes no mantgage in 1950 for 6)A person taking out a 50 yars. Gb) amortoBecause the minimum wage is not indexed to inflation, when there is inflation thenominal minimum wage. and the real minimum wage. A. remains constant; remains constant B. None of the above OC. increases; decreases D. remains constant; decreases OE. decreases; remains constantSuppose that a consumer cannot vary hours of work as he or she chooses. In particular, he or she must choose between working g hours and not working at all, whereg> 0. Suppose that dividend income is zero, and that the consumer pays a tax Tif he or she works, and receives a benefit b when not working, interpreted as an unemployment insurance payment. a Click the icon to view information about the initial model used here. Consumption, C W29-T w,q-T Leisure, I h-g BE a. If the wage rate increases, how does this affect the consumer's hours of work? What does this have to say about what we would observe about the behaviour of actual consumers when wages change? After the wage rate increases, an individual consumer who originally did not work at all V After the wage rate increases, an individual consumer who originally worked q hours V This suggests that if an economy includes many consumers with many different sets preferences (all satisfying the assumptions of the initial model) and the…
- 23 Ofal unempyt rtetatiies mi a everstate the antf unyleymet by incleding partime workers inthe cal hi understale the a f unmployt by echaing pei worken in the tio to enentate the ant of unmplet becae of the prence of "d ed workes whe wm actively weking emplyment. di understate the amot of unemployt hecae of he prenee of raged" wke whe are ttively seking emleymt.Inflation refers to a(n) in the overall Lütfen birini seçin: O A. increase price level OB increase; unemployment rate O C increase, interest rates OD decrease; price level OE decrease, unemployment rate Stagflation cans.when AconomvsNimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…